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car loan

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Car Type

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Salaried

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Self employed professional

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Self employed Business

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Date of Birth

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Select car

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FAQs

What is the process for applying for a car loan?

Step 1 : Apply Online by filling in above form
Step 2 : Enquiry call from bank for details
Step 3 : Document collection by your bank
Step 4 : Verification visit by bank representative
Step 5 : Loan Approval
Step 6 : Loan disbursement

What are the tenure options available?

You can choose any repayment option from 12 to 84 months all specially designed to suit your requirements.

Who can avail of Car Loans?

1. Salaried individuals in the age group of 21 to 60 years (at the end of the tenure)
2. Self-employed individuals in the age group of 21 to 65 years (at the end of the tenure)
3. Partnership Firms
4. Public & Private Ltd. Companies
5. HUFs and Trusts

Do I have the option to pre-pay the entire loan amount?

Yes, You can pre-pay the loan any time after 6 months of availing of the loan. You just have to pay a small pre-payment fee on the outstanding loan amount.

Do I need a guarantor?

No, but if your income does not meet our credit criteria then you may be required to have a Guarantor/co-applicant. To stand surety for your loan.

How much finance can I avail?

You can borrow up to 85% of ex-showroom price for a new car and 85% of the car valuation for used cars.

What are the documents needed for processing car loan?

  • For Salaried Individuals
    • Proof of Identity
    • Income Proof - Latest salary slip with Form 16
    • Address Proof
    • Signature Verification proof
    • Salary Bank Statement
  • For Self Employed Professionals/Businessmen
    • Proof of Identity
    • Income Proof - Latest ITR
    • Address Proof
    • Signature Verification proof
    • Business Bank Statement

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An executive from our banking partner HDFC will contact you regarding your application.

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EMI Quote for [Car Model] in [city] from HDFC Bank

Thank you, you’ll soon receive a call from our partner HDFC Bank to help you with your query. Following is the tentative EMI quote.

Indicative EMI p.m.

  • Processing fees:
  • Rate of interest: %
  • Down payment:
  • Ex-Showroom Price:

Tenure

years

Min (1 year)

Max years

Loan amount

Min (1 lakh)

Max eligible ( )

Oops....Sorry !

Based on the information you’ve provided, we are unable to find a suitable EMI quote with our banking partner.

If you wish to try again, you may return to the form.

You will now be directed to our banking partner Bankbazaar for attractive car loan offers

Ask the experts 1800 2090 230 (8 AM - 9 PM) Toll free

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